USDCAD Corrective Up Move Over
Updated
Hello Traders,
The corrective up move is finished. Now expect us to go down and break the 1.31340 zone. Then we wait and re analyze the price action but I expect a reversal up wards to test the bigger trend line.
Do not just jump into the sell here because it can easily pull back for a deeper consolidation, take your stops out and then continue down. Wait for consolidation and if it doesn't give you any then don't take the trade. Just wait for the bigger move.
Thumbs up & follow for more!
Good luck
The corrective up move is finished. Now expect us to go down and break the 1.31340 zone. Then we wait and re analyze the price action but I expect a reversal up wards to test the bigger trend line.
Do not just jump into the sell here because it can easily pull back for a deeper consolidation, take your stops out and then continue down. Wait for consolidation and if it doesn't give you any then don't take the trade. Just wait for the bigger move.
Thumbs up & follow for more!
Good luck
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